THE Drewry Air Freight Price Index increased 14.7 per cent from September through October, reaching its high point for year.

    But the increase to 114 was not matched by out-of-Shanghai rates, which fell 4.3 per cent year on year, the 12th consecutive monthly decline, said London-based Drewry shipping consultants.

    The improvement from September marked the first significant gain from month to month since April, as was the best since November 2010.

    The advance was attributed to carriers removing capacity, said Newark's Journal of Commerce. The Association of Asia Pacific Airlines said capacity for its member airlines was down 2.4 per cent in October compared to the previous year.

    Airlines increased their capacity slightly from September to October, typically the strongest month of the year for international air freight, while increasing traffic 7.1 per cent from one month to the next.

source:http://www.shippingonline.cn/news/newsList.asp?classname=News